Infosys, India's second-largest IT services provider, has announced robust financial results for the third quarter of fiscal year 2024-25, highlighting significant growth in both profit and revenue.
Financial Highlights:
Net Profit: The company reported a net profit of ₹6,806 crore, marking an 11.4% increase compared to the same quarter last year.
Revenue: Revenue for the quarter stood at ₹41,764 crore, a 7.6% rise year-on-year.
Operating Margin: The operating margin improved to 21.3%, reflecting a 0.8 percentage point increase from the previous year.
Strategic Developments:
AI Services: Infosys has been enhancing its enterprise AI capabilities, particularly focusing on generative AI, in response to growing client demand.
Client Acquisition: The company added 101 new clients during the quarter, expanding its global client base.
Revised Outlook:
Based on the strong performance, Infosys has revised its full-year revenue growth forecast to a range of 4.5% to 5% in constant currency terms, up from the earlier projection of 3.75% to 4.5%. The operating margin guidance remains unchanged at 20% to 21%.
These results underscore Infosys's strategic focus on digital transformation and AI services, positioning the company for sustained growth in the evolving IT services landscape.
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